EOG Resources, Inc. $EOG Shares Acquired by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 5.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 144,777 shares of the energy exploration company’s stock after purchasing an additional 7,416 shares during the quarter. EOG Resources comprises approximately 1.3% of Galvin Gaustad & Stein LLC’s portfolio, making the stock its 29th biggest position. Galvin Gaustad & Stein LLC’s holdings in EOG Resources were worth $16,232,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Cullen Capital Management LLC lifted its stake in shares of EOG Resources by 4.7% in the second quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock valued at $68,952,000 after purchasing an additional 25,753 shares during the period. Kiker Wealth Management LLC acquired a new stake in shares of EOG Resources during the 2nd quarter valued at approximately $627,000. Railway Pension Investments Ltd boosted its stake in shares of EOG Resources by 6.9% during the 2nd quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock worth $53,717,000 after acquiring an additional 28,800 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of EOG Resources by 9.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock worth $7,386,000 after acquiring an additional 5,156 shares during the period. Finally, River Road Asset Management LLC increased its stake in EOG Resources by 15.2% in the 2nd quarter. River Road Asset Management LLC now owns 75,878 shares of the energy exploration company’s stock valued at $9,107,000 after purchasing an additional 9,999 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief operating officer owned 54,979 shares of the company’s stock, valued at $5,810,180.72. This represents a 3.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the topic of a number of research analyst reports. Evercore ISI boosted their target price on EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Piper Sandler decreased their price objective on shares of EOG Resources from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 18th. Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a research note on Wednesday, October 8th. Sanford C. Bernstein restated a “market perform” rating and set a $126.00 target price (down previously from $144.00) on shares of EOG Resources in a research report on Monday. Finally, Jefferies Financial Group set a $145.00 price target on shares of EOG Resources in a research report on Sunday, October 12th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $138.14.

EOG Resources Trading Down 1.1%

Shares of EOG stock opened at $105.00 on Wednesday. The company has a market capitalization of $56.97 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 8.32 and a beta of 0.49. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $106.73 and a 200 day moving average price of $113.48. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $138.18.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. The company had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $2.89 EPS. Research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s payout ratio is presently 40.64%.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.